$490,000
$518,000
5.4%For more information regarding the value of a property, please contact us for a free consultation.
1903 E Simpson AVE Fresno, CA 93703
4 Beds
4 Baths
2,538 SqFt
Key Details
Sold Price $490,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,538 sqft
Price per Sqft $193
MLS Listing ID 625895
Sold Date 04/01/25
Bedrooms 4
Full Baths 4
HOA Y/N No
Year Built 1952
Lot Size 8,542 Sqft
Property Sub-Type Quadruplex
Property Description
Discover an exceptional investment opportunity! Rare fully occupied 4-Plex each w/ individual large garages & parking for 2 cars situated on a corner lot directly across from the bustling Manchester Shopping Mall. Perfectly positioned near key amenities including Starbucks, the 41 Freeway, and a cinema, this property guarantees high visibility and easy access, making it a lucrative addition to any real estate portfolio. All units are 1bedroom & 1bathroom with a garage. 3 units located above garages and 1 unit ground level. Convenient access to the 41 Freeway facilitates quick commutes to surrounding areas, enhancing the property's appeal to potential tenants. Residents can enjoy a variety of shopping and dining options with the Manchester Mall just steps away, ensuring high demand for rental units. The area boasts a diverse population with a strong rental market, ideal for long-term investment. Seller installed new roof w/ 10 yr. warranty for half of bldg.($8200). Currently leased w/$47,052 gross per yr. (2 units pay $1K, 1 unit $1250 and 1 section 8 @ $671 waiting to increase @$1250 w/new owner) $60K gross potential. Tenant pays utilities and landlord pays $325 water.Please do not walk the grounds or disturb the tenants. Seize the chance to invest in a premium, fully occupied 4-Plex with excellent growth potential. This property is poised for long-term profitability in a location that combines convenience and accessibility.
Location
State CA
County Fresno
Interior
Heating Floor or Wall Heat
Cooling Evaporative Cooling, Wall/Window Unit(s)
Fireplaces Type None
Appliance Refrigerator: All Units, Disposal: All units, Stove: All units
Exterior
Parking Features Garage
Garage Spaces 4.0
Utilities Available Public Utilities
Roof Type Composition
Building
Lot Description Urban, Corner Lot
Story 2
Foundation Concrete Perimeter
Sewer On
Water Public
Schools
High Schools Fresno Unified
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP
